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$SHAK 2Q15 PR: Total revenue, which includes Shack sales and licensing revenue, increased 74.7% to $48.45MM. Shack sales for the 2Q15 were $46.6MM; Licensing revenue for the 2Q15 was $1.9MM. Average weekly sales for domestic company-operated Shacks were $102,000. SHAK reported net income of $1.1MM for the 2Q15.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.